The Asian Consulting Group capped Women’s Month 2023 by conducting the Investment and Tax Briefing in Berlin, Germany last Friday, March 25. In partnership with the Center for Strategic Reforms of the Philippines, the Philippine Trade and Investment Center (PTIC) Berlin, the Philippine Embassy in Germany and Frankfurt, U-Franchise, and Kape de Filipina, the Investment and Tax Briefing seeks to help potential investors and entrepreneurs on how to effectively manage their business.
The Investment and Tax Briefing was attended by H.E. Irene Susan B. Natividad (Philippine Ambassador to Germany), Patricia Villaseñor (Owner and Managing Director, Kape de Filipina), Chris Lim (President, U-Franchise), and Mon Abrea (Founding Chairman and Chief Tax Advisor, Asian Consulting Group).
The Investment and Tax Briefing exhibited several investment options available to aspiring investors, such as the REITs, stocks, bonds, and many other options. He also discussed business options, for those aspiring entrepreneurs, as well as the changes brought about by the Comprehensive Tax Reform Program (CTRP). Knowledge of these changes could prove beneficial to taxpayers as this can easily arm them with enough knowledge to ensure that their taxes are properly handled.
Mr. Chris Lim, the President of U-Franchise, also discussed franchising – how it works, its benefits, and what questions aspiring franchisees should keep in mind. He gave certain tips and pointers, especially for overseas Filipinos who may be considering franchising as an option. Finally, he gave a list of some popular franchising opportunities, such as pharmacies, milk tea, shawarma, and desert franchises.
Ms. Patricia Villaseñor, Owner and Managing Director of Kape de Filipina, told the journey of her business. She told the story of how she started her business, such as from its ideation and discovery, to the initial product offering, the development of the business plan, and finally brand development. She also gave some tips and shared some of her learnings from starting her business.
There are different ways that people can start their business or investments. They could either start their own business or manage a franchise. From these points, they also have other options, especially when one considers the tax implications of these businesses. Learning more about how to do business is important if you want your business to succeed.
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